​"Value Chains" Please respond to the following:​

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Business Finance

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  • Choose an example of a global value chain and an example of domestic value chain. Compare and contrast the key challenges that the managers would face. Then, propose the ways to confront these challenges.
  • Utilizing the Exhibit 2.4 from Chapter 2 of the text, evaluate how each value chain you chose from Part 1 of this discussion can be described from a pre- and post-production service perspective. Provide at least two examples for each perspective.

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04 Mail - Kruzel_Jacob@bx (1 unread) - jacobkruze x M Inbox - jacobkruzel@g X ST NAK Northern Dynasty X Bb Student Center - BUS4 X 9781133372417_lores X Bb Thread: Week 1 Discus X jacob o х Apps 2.4 2/3 > X Secure | https://blackboard.strayer.edu/bbcswebdav/institution/BUS/430/eChapters/1134/9781133372417_lores_p01_Ch02.pdf (4 unread) - jacobkru G Google Finance: Trac ST $NAK Northern Dyné Investing, Trading an Bb Blackboard Learn My Academic Dashb Tisn, and vegetables provided to a restaurant; trained Some examples of value chains that illustrate the er- employees provided to organizations by universities ements in Exhibit 2.1 are shown in Exhibit 2.2. The and technical schools; or information such as market success of the entire value chain depends on how it is research or a medical diagnosis. designed and managed. This includes measuring per- Inputs are transformed into value-added goods and formance (which we address in the next chapter) and services through processes that are supported by such using the feedback from measurements to improve all resources as equipment and facilities, labor, money, aspects of the value chain. Exhibit 2.1 An Input-Output Perspective of a Value Chain Support and General Management Processes Inputs • People • Information • Physical goods Value. Creation Processes Suppliers Goods and Services Outputs and Outcomes Postsale Services Land, Labor, Capital, and Information Resources Cengage Learning 2013 Measurement and Feedback 28 OM4 Part 1: Understanding Operations 72417_ch02 ptg01_hr_024-047.indd 28 09/08/12 12:13 PM o Type here to search 0 7:44 PM 4/8/2018
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Explanation & Answer

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A globalvalue chain is the system of organization where information, people, and
resources involved in moving a product or a service from the supplier to the customer are located
in different geographical regions in the world (Panayides, 50). Activities such as designing a
product, producing it, marketing the product, distributing it and giving the customer support may
be done in different countries of the world but belong to the same firm. An example of a
company that is involved with global supply chain is Procter and Gamble (P&G) which deals
with home and personal care products.
A domestic value chain is the system of organization where information, people, and
resources ...


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